Horizon Investments LLC Purchases 37,516 Shares of Stifel Financial Corporation $SF

Horizon Investments LLC increased its position in Stifel Financial Corporation (NYSE:SF) by 146.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,089 shares of the financial services provider’s stock after purchasing an additional 37,516 shares during the quarter. Horizon Investments LLC’s holdings in Stifel Financial were worth $7,900,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. GenTrust LLC bought a new position in shares of Stifel Financial during the fourth quarter valued at $203,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Stifel Financial by 0.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 73,291 shares of the financial services provider’s stock valued at $9,177,000 after buying an additional 362 shares during the last quarter. New York State Teachers Retirement System raised its holdings in shares of Stifel Financial by 4.2% in the fourth quarter. New York State Teachers Retirement System now owns 143,273 shares of the financial services provider’s stock valued at $17,941,000 after buying an additional 5,839 shares during the last quarter. Activest Wealth Management raised its holdings in shares of Stifel Financial by 12,000.0% in the fourth quarter. Activest Wealth Management now owns 242 shares of the financial services provider’s stock valued at $30,000 after buying an additional 240 shares during the last quarter. Finally, Sage Rhino Capital LLC bought a new position in shares of Stifel Financial in the fourth quarter valued at about $220,000. 82.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Zacks Research lowered Stifel Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 21st. Stifel Nicolaus set a $92.00 price objective on Stifel Financial in a research report on Wednesday, January 14th. JPMorgan Chase & Co. lifted their price objective on Stifel Financial from $88.67 to $90.67 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Citizens Jmp lifted their price objective on Stifel Financial from $93.33 to $103.33 and gave the stock a “market outperform” rating in a research report on Monday, January 12th. Finally, Citigroup reiterated an “outperform” rating on shares of Stifel Financial in a research report on Monday, January 12th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Stifel Financial presently has an average rating of “Moderate Buy” and an average price target of $91.15.

Insider Activity

In other news, insider David Rubulotta sold 600 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $82.87, for a total transaction of $49,724.00. Following the completion of the transaction, the insider directly owned 1,488 shares in the company, valued at approximately $123,315.52. The trade was a 28.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.28% of the company’s stock.

Stifel Financial Price Performance

Shares of SF stock opened at $77.07 on Friday. The stock has a 50-day moving average price of $75.25 and a 200 day moving average price of $79.86. The company has a quick ratio of 0.80, a current ratio of 0.84 and a debt-to-equity ratio of 0.25. The firm has a market cap of $11.93 billion, a price-to-earnings ratio of 14.99 and a beta of 1.05. Stifel Financial Corporation has a 12 month low of $58.24 and a 12 month high of $89.83.

Stifel Financial (NYSE:SF) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The firm had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.51 billion. Stifel Financial had a return on equity of 18.95% and a net margin of 15.34%.The company’s revenue was up 17.7% on a year-over-year basis. During the same period last year, the company earned $0.49 earnings per share. Research analysts expect that Stifel Financial Corporation will post 6.25 EPS for the current year.

Stifel Financial Company Profile

Stifel Financial Corp. is a diversified financial services holding company headquartered in St. Louis, Missouri. Founded in 1890, the firm has grown into a full‐service brokerage and investment banking organization serving individual investors, corporations and institutions. Through its principal subsidiary, Stifel, Nicolaus & Company, Incorporated, the company delivers a broad array of financial products and services backed by research‐driven insights.

The firm’s main business activities are organized into two core segments: Private Client Group and Institutional Group.